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The Lowering Utility Bills Act amends federal utility regulation to require the Federal Energy Regulatory Commission (FERC) to set the authorized return on equity (ROE) for transmission providers and investor-owned utilities at the lowest point within an established range of reasonableness, based on three data points derived from financial academics, institutions, and Global Systemically Important Banks. The bill also prohibits utilities from recovering certain costs through customer rates, including lobbying expenses, political contributions, executive travel and entertainment, and rate-proceeding legal costs, and requires utilities to prioritize lower-cost grid alternatives before capital expenditures are deemed prudent.
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